Buongiorno Spa Interim Report as of March 31, 2009

3. Principles Adopted for the Consolidation and Preparation of the Financial
Statements
These consolidated Interim Report as of March 31, 2009 of Buongiorno (hereinafter
referred to as the “Interim Report”) was prepared in compliance with the requirements
of the “Regulations for Implementing Legislative Decree No. 58 of February 24, 1998
Regarding Issuers” (CONSOB Resolution No. 11971 of May 14, 1999 and subsequent
amendments), and European Community Regulations No. 1606 of July 19, 2002, on
international accounting standards. The Interim Report refers to the consolidated
situation of Buongiorno and its direct and indirect subsidiaries (hereinafter the
“Buongiorno Group” or the “Group”) as of March 31, 2009.
The consolidated financial statements have been prepared using the layout prescribed
by the IAS/IFRS adopted by the European Union.
The consolidation area of the Buongiorno Group compared to December 31, 2008 was
as follows:
On January 1, 2009:
a) acquisition of minority interests in the South African subsidiary iTouch South
Africa (Pty) Ltd, increasing the stake from 87.5% to 100%;
b) merger of Grupo Itouch Movilisto Mexico SA de CV in the Mexican company My
Alert SL de CV.
The following table shows an outline of the Buongiorno Group’s structure at March 31,
2009. A list of consolidated companies at March 31, 2009 is included in Annex B.
Buongiorno SpA Interim Report as of March 31, 2009 5